Gilder Corporation makes a product with the following standard costs Standard Quantity or Standard Price o Standard Cost Hours 3.3 grams 0.8 hours 0.8 hours Rate $3.00 per gram $12.00 per hour $9.00 per hour Per Unit $9.90 Direct materials Direct labor Variable overhead $7.20 The company reported the following results concerning this product in June Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 8,600units 8,500units 27,000 grams rams 3.400 hours $95,170 $43,860 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased The materials quantity variance for June is